Bill Myers

Trade groups aim to expand scope of Fifth Circuit decision to other rules

In wake of Fifth Circuit decision, rules should be scrapped or carve out private fund managers, groups claim.

Appeals court scuttles SEC’s private fund rules

The Court's decision hands a big victory to private fund managers while rifts in the LP community may have aided the downfall of the regulatory package.

SEC scrutinising NAV loans and sub lines, top examiner says

‘It can be a driver of potential fees,’ Dan Faigus tells packed room at Private Funds CFO event.

Appeals decision looms large over private funds’ future

A decision is soon due on industry groups' legal moves to block the US Securities and Exchange Commission’s sweeping private fund rules.

‘No good reason’ for SEC’s new private funds rules, attorney claims

The lead attorney for six trade groups has warned an appellate panel that the SEC's sweeping rules will cost industry $5.4bn per year if left standing.

Pension funds eye the long term as they back SEC rules

Many LPs are still tepid on the final rules and still appear to want the US regulator as a referee.

Did the SEC just double down on accelerated fees and indemnities?

On accelerated monitoring fees and indemnities, regulators discover they have had the power all along – bad news for those who would have challenged the relevant initial proposals from the SEC in court.

Softened SEC rules still have a bite

The US regulator's final rules, voted through on Wednesday, still impose rigid disclosures and require fairness or valuation opinions on continuation fund transactions.

SEC votes through Form PF rules in first step of private funds overhaul

GPs will soon have to report on sponsor-initiated secondaries deals within 60 days from the end of each quarter, after the US regulator voted through the proposals Wednesday.

US regulator scotches Form PF vote on enhanced transparency

The SEC had proposed last year to enhance transparency in the private fund industry through various means, including via regulatory filing requirements.